Free Banking and Bank Entry in Nineteenth-Century New York

I thank Mike Bordo, Hugh Rockoff, David Weimana and Eugene White for many helpful comments and suggestions. Pam Bodenhorn provided invaluable research assistance. This article was thoroughly revised while visiting Yale University in 2006-07 and I would like to thank Tim Guinnane and the economics department for their generosity and the many courtesies extended during the year. All remaining errors in fact and interpretation are, of course, my own.